Black Rifle Coffee Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

Net Loss per Share

12 Months Ended

Dec. 31, 2022

The Company analyzed the calculation of net loss per share for periods prior to the Business Combination on February 9, 2022 and determined that it resulted in values that would not be meaningful to the users of the consolidated financial statements, as the capital structure completely changed as a result of the Business Combination. Therefore, net loss per share information has not been presented for periods prior to the Business Combination. The basic and diluted net loss per share attributable to Class A common shareholders for the year ended December 31, 2022, as presented on the consolidated statements of operations, represents only the period after the Business Combination to December 31, 2022.

The following table sets forth the computation of basic and diluted net loss per share are presented below:


	Period After Business Combination Through December 31,
	2022
Numerator:
Net loss	$	(335,352)
Less: Net loss attributable to non-controlling interests	(252,185)
Net loss attributable to Class A Common Stock - basic	$	(83,167)



Denominator:
Weighted-average shares of Class A Common Stock outstanding	51,246,632


Net loss per share attributable to Class A common stockholders, basic and diluted	$	(1.62)

The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Class A common shareholders because including them would have had an antidilutive effect:


			December 31,
			2022
Stock Options			792,370



Common Units			153,899,025
RSUs			823,829
PSUs			8,462,412
Incentive Units			14,210
Total units excluded from computation of diluted net loss per share			163,991,846